Creditcard settlement

[Amrita]

24 minutes ago, soodhilodaaram said:

those terms are sent to credit bureau as "Customer defaulted and settled ", this is a derogatory comment and might move away potential lenders in future

I would say dont even pay that 10K and be in the same bad books as above

Agreed Naku adey ayindi but it’s individual choice kada ani ala told 

 

17 minutes ago, ajay.ram1234 said:

10 k pay chesta, credit score peragadsniki entha time padathadi

Few years loans ki high apr avutundi 2 esuko . 

21 minutes ago, soodhilodaaram said:

by the end of 7 yrs, the lender sell off the ownership to someone else as cents for dollars 

abc might sell of the ownership of the debt to xyz, xyz can hold it for 7 more yrs as they are separate legal entity, most of the cases abc it self will have subsidiaries for collections to take off from their parent company's books as charge offs

technically 7 yrs lo erase anedi myth.. not true in all cases

Account defaulted ani reported nunchi 7 years they keep selling and mails vastune untayi but it will erase from history  

 

[Desi_guy]

49 minutes ago, soodhilodaaram said:

by the end of 7 yrs, the lender sell off the ownership to someone else as cents for dollars 

abc might sell of the ownership of the debt to xyz, xyz can hold it for 7 more yrs as they are separate legal entity, most of the cases abc it self will have subsidiaries for collections to take off from their parent company's books as charge offs

technically 7 yrs lo erase anedi myth.. not true in all cases

7 years varaku enduku munde credit score penchukovachu kada secure credit cards use chesi

[ajay.ram1234]

17 minutes ago, Desi_guy said:

7 years varaku enduku munde credit score penchukovachu kada secure credit cards use chesi

Main matter chepandi bhayya, settle chesukovacha leda, settle chesukunte emana impact vuntada

[Hydrockers]

In near future loans kastame 

[Amrita]

24 minutes ago, Desi_guy said:

7 years varaku enduku munde credit score penchukovachu kada secure credit cards use chesi

How derogatory marks untayi. Loans ichevadu malla default chestavemo ani bhayapadataru high APR's untayi. 17 % to car konna.  Civic koni BMW ki pay chesa 

[Kool_SRG]

52 minutes ago, Amrita said:

Agreed Naku adey ayindi but it’s individual choice kada ani ala told 

 

Few years loans ki high apr avutundi 2 esuko . 

Account defaulted ani reported nunchi 7 years they keep selling and mails vastune untayi but it will erase from history  

 

Credit companies ke finance cheyyagala capacity meedi meeru defaulter enti viddooram... 

Machine arusthondi akkada.. 

[Hydrockers]

2 minutes ago, Amrita said:

How derogatory marks untayi. Loans ichevadu malla default chestavemo ani bhayapadataru high APR's untayi. 17 % to car konna.  Civic koni BMW ki pay chesa 

BMW koni unte house ki pay chese danivi emo akka

[Amrita]

2 minutes ago, Kool_SRG said:

Credit companies ke finance cheyyagala capacity meedi meeru defaulter enti viddooram... 

Machine arusthondi akkada.. 

Virtual ki real ki ade difference. MS avvagane appulapalu ayya ley job vachaka tercha. 

[Amrita]

2 minutes ago, Hydrockers said:

BMW koni unte house ki pay chese danivi emo akka

Anduke smart ga konaledu @Hydrockers 

[Kool_SRG]

Just now, Amrita said:

Virtual ki real ki ade difference. MS avvagane appulapalu ayya ley job vachaka tercha. 

Edoh tax adjustments ki chesi untaaru lendi ardhamayindi..

[soodhilodaaram]

13 minutes ago, ajay.ram1234 said:

Main matter chepandi bhayya, settle chesukovacha leda, settle chesukunte emana impact vuntada

if you have no plans for buying a home/cars/americandream go for settlement, if you are looking for better jobs prospects/credit standing.. go for payment plan

which means they will agree to reduce the interest rate and offer a fixed term plan like personal loan, this is much better than defaulting

[Amrita]

2 minutes ago, soodhilodaaram said:

if you have no plans for buying a home/cars/americandream go for settlement, if you are looking for better jobs prospects/credit standing.. go for payment plan

which means they will agree to reduce the interest rate and offer a fixed term plan like personal loan, this is much better than defaulting

[Amrita]

3 minutes ago, Kool_SRG said:

Edoh tax adjustments ki chesi untaaru lendi ardhamayindi..

Ala ardham ayinda okay 

[Desi_guy]

37 minutes ago, Amrita said:

How derogatory marks untayi. Loans ichevadu malla default chestavemo ani bhayapadataru high APR's untayi. 17 % to car konna.  Civic koni BMW ki pay chesa 

Future plans unte ilantivi cheskokapovadame  better aithe..

17% enti.. idi all time record 

[Desi_guy]

45 minutes ago, ajay.ram1234 said:

Main matter chepandi bhayya, settle chesukovacha leda, settle chesukunte emana impact vuntada

10 k ki enti ba idanta.. oka 100 k unte cheyi